Nucor Corporation's Financial Performance in Q1 2024
Key Financial Highlights
Nucor Corporation (NYSE: NUE) reported financial results for the first quarter of 2024, revealing a mixed performance compared to the same period last year.
Revenue
The company's revenue declined by 6.6% year-over-year, falling to US$814 billion from US$873 billion in Q1 2023. This decline is attributed to lower steel demand and challenging market conditions.
Stock Price
As of 5:03 AM EDT on May 3, 2024, NUE stock closed at USD 340.199 on the New York Stock Exchange (NYSE).
Premarket Performance
The premarket stock price for NUE indicates a positive opening with a slight upward trend from the previous closing price.
Disclaimer
The information provided in this article is for informational purposes only and should not be construed as financial advice. Investors should conduct their own due diligence before making any investment decisions.
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